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Health ingredients market has experienced remarkable growth across the globe

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MarketsandMarkets™
Health ingredients market has experienced remarkable growth across the globe

The Health Ingredients market has experienced remarkable growth, with a value of USD 100.5 billion in 2022. It is projected to expand at a robust CAGR of 7.8% and reach USD 146.3 billion by 2027. This growth is primarily driven by the food and beverage industry's adoption of healthy ingredients on a large scale.


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Factors such as consumers' increasing adoption of healthier lifestyles, shifting demographics, and a heightened focus on nutrition and well-being have fueled the surge in demand for health ingredients. People are becoming more aware of the importance of fitness, holistic nutrition, and overall health, which has played a crucial role in driving this trend.


Among the various types of health ingredients, protein supplements are expected to dominate the market throughout the forecast period, holding the highest market share in terms of value. The COVID-19 pandemic has further accelerated the consumption of protein supplements as individuals strive to strengthen their immune systems. Protein bars, in particular, have become popular choices for maintaining health and enhancing immunity during these challenging times.


Plant-based health ingredients are expected to lead the market, serving as a primary source of vitamins, proteins, and essential nutrients for vegans and individuals with allergies to animal-derived ingredients. The shift towards plant-based alternatives is driven by evolving consumer preferences and a conscious effort to adopt sustainable and compassionate food choices.


In terms of applications, the pharmaceutical products segment is expected to experience the highest compound annual growth rate (CAGR). Health ingredients play a pivotal role in the development of pharmaceutical products, offering various benefits such as antioxidant properties, blood sugar regulation, osteoporosis prevention, heart health, stress reduction, beauty enhancement, and weight management.


The Asia Pacific (APAC) region is expected to hold the highest market share in the forecast period. With a significant population of fitness-focused millennials, the APAC region presents tremendous growth opportunities for health ingredients. The population's inclination towards innovative products and reliance on dietary supplements to achieve optimal nutrition contribute to the region's potential.


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The key players in the Health Ingredients market include Archer Daniels Midland Company (ADM), Associated British Foods PLC, International Flavors & Fragrances Inc., Kerry Group PLC, DSM, BASF SE, Cargill Incorporated, Ingredion, Arla Foods, Tate & Lyle, Lonza, Royal FrieslandCampina N.V., Glanbia PLC, CHR Hansen Holdings A/S, and Probi. These companies have implemented strategies such as strategic partnerships, expansions, and new product launches to strengthen their presence in different regions and sectors.

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